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NEW YORK CITY-It’s a mark of the continued vigor of Manhattan’s office leasing market that as a single brand-new property was responsible earlier this year for a slight uptick in the vacancy rate, so that same property—11 Times Square, where law firm Proskauer Rose in May committed to more than 400,000 square feet of headquarters space—is largely responsible for a month-to-month improvement. However, that same statistic can also be cited to show that the recovery is still fragile.


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